A Study on Effects of Supporting Born Global Startups Policy Affecting the Business

2018 ◽  
pp. 143-159
Author(s):  
Jung-Ran An ◽  
Sung Taek Lee ◽  
Ju-Hyung Kim ◽  
Gwang-Yong Gim
Keyword(s):  
Born Global

Valuation and Inception of Ethical Fashion Smart Wearable Born-Global Speculative Start-up (BGSS)

10.31355/17 ◽  
2017 ◽  
Vol 1 ◽  
pp. 117-148
Author(s):  
Prafulla Kumar Padhi
Keyword(s):  
Human Rights ◽  
Academic Research ◽  
Cost Ratio ◽  
Born Global ◽  
Fashion Industry ◽  
Valuation Method ◽  
Multi Stage ◽  
Start Up ◽  
Risk Cost ◽  
Smart Wearable

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose.............................................................................................................................................................................................. Since the valuation of a born-global speculative start-up (BGSS) has been a guessing game and there is no framework in the literature from ethical fashion smart wearable (EFSW) venture valuation perspective, this research explores to create a holistic model using multi-stage valuation method to valuate BGSS at its inception and investigates how ethical is ethical fashion? Background................................................................................................................................................................................................ The concept of ‘Born-Global’ firm was introduced into business theory during 1988. Nowadays, ventures start with a global vision from their inception to introduce products and services in overseas markets. Speculative investment has been a common practice to start-up expedition. Investors gamble on speculative start-ups. The inception phase of any start-up is the embryonic phase and is, therefore, more speculative than successive phases for additional investments. BGSS at its inception possess no operating history. Today fashion industry is one of the largest industries globally, growing leaps and bounds with valuation at 3 trillion U.S. dollars. The emerging smart fashion wearable market projected to cross US$ 30 billion during 2017. Fashion exists not only in garments but also other wearable such as the bracelet, watches, jewelry, and other accessories. Ethical fashion is all about betterment for the people and community at large. This paper identifies the relevant actors and their impact on the ethical aspects and status of the fashion industry. Methodology............................................................................................................................................................................................... The methodology used in this research both qualitative and quantitative approach. Since ethical fashion is a social phenomenon, the qualitative approach is appropriate to deal with various perspective analysis of ethical fashion using case study on four ethical fashion smart wearable ventures. The quantitative method calibrates the valuation of a BGSS at the inception stage using a noble pragmatic multi-stage valuation method because it provides the incentive to focus on achieving the best risk/cost ratio. Contribution.............................................................................................................................................................................................. This research bestows valuable insight using a noble multi-stage valuation method that has been proven successful based on author´s extensive practice to value BGSS at its inception contributing new knowledge to the literature. The application of informing system to frame the discussion on the inter-disciplinary domain of ethical fashion smart wearable creates awareness for fashion industry stakeholders and academic researchers. Findings.................................................................................................................................................................................................... The analysis shows that BGSS is a contemporary phenomenon since so many smart fashions wearable companies have gone through thought provoking and compelling stories to became successful in a highly competitive smart fashion wearable industry. BGSS concept is a brand-new perspective in the EFSW academic research. The findings of this research provide information to various stakeholders of the fashion industry and benefit to a global community at large with a more nuanced understanding of the changes and challenges of the emerging EFSW industry and the way to measure the valuation of a venture at its inception. Recommendations for Practitioners......................................................................................................................................................... This paper reveals nuance understanding for the practitioners in the BGSS valuation at its inception. Since all the traditional valuation methods have their drawbacks when applied to the inception stage of BGSS, this study recommends using multi-stage valuation method because it provides incentive for the best risk/cost ratio. Fashion brands (designers and other stakeholders) should abide by the ethical criteria to make a difference in the global community at large by reducing degradation of the environmental conditions. For the future of ethical fashion, ethical choices must be an available alternative to customers. Fashion companies need to embark upon design to not only be ethical but also stylish, therefore need to create trust by adopting transparency and integrity throughout the value chain. Fashion brand should take advantage of ethical fashion criteria to provide assurance to consumers with socio-cultural aspects in mind, to promote their fashion collections effectively. Recommendation for Researchers............................................................................................................................................................... More research work needs to be accomplished to have a clear analysis of the ethical fashion perspective to cover environmental, socio-cultural, fair trade, human rights, animal rights and other aspects. It is important to study the various stages of BGSS valuation from growth stage to initial public offering stage and beyond to bridge the gap between academic research and practitioners using the multi-stage valuation method. Impact on Society.......................................................................................................................................................................................... Since ethical fashion is of great significance for the contemporary society, raising awareness among various cultural communities globally to promote avantgarde ways regarding ethical fashion criteria, specifically to curb the degradation of the environment, stopping the cruelty on animals and protecting the human rights among consumers is paramount. Future Research............................................................................................................................................................................................ This study will bridge the gap between practice and academic research, scholars should embark upon creating a total addressable market (TAM) theory and empirical analysis studies because the total addressable market is the key and practical determinant of BGSS success. Ethical fashion academic research should be pursued beyond sustainability on smart wearable.

The Financial Characteristics of Born Global Firms in Korea

2020 ◽  
Vol 33 (1) ◽  
pp. 103-119
Author(s):  
Minho Kim ◽  
Sangno Lee ◽  
Cheyung Kang
Keyword(s):  
Born Global ◽  
Financial Characteristics ◽  
Born Global Firms

scholarly journals Born global firms’ growth and collaborative entry mode: the role of transnational entrepreneurs

2017 ◽  
Vol 34 (1) ◽  
pp. 46-67 ◽  
Author(s):  
Yipeng Liu
Keyword(s):  
Entry Mode ◽  
High Growth ◽  
Professional Service ◽  
Service Firms ◽  
Born Global ◽  
Institutional Complexity ◽  
Content Type ◽  
Transnational Entrepreneurs ◽  
Born Global Firms

Purpose The purpose of this paper is to investigate the role of transnational entrepreneurs in growing born global firms, with a focus on the growth process facilitated by collaborative entry mode. Design/methodology/approach The author chose the solar photovoltaic industry as the empirical setting. This industry is a particularly good context for the study because many firms in this industry sell knowledge-intensive products internationally from their inception. The primary data consist of 32 in-depth interviews with entrepreneurs, industry association representatives, research institute scholars, and professional service firms. Findings The study highlights the importance of transnational entrepreneurs who develop born global firms to maturity by using their technological knowledge, international connections, and bicultural advantages to navigate and leverage institutional complexity. Collaborative entry mode with distributors enables born global firms’ high growth rapidly, whereas transnational entrepreneurs play a central role in building and expanding international network. Initial public offering in overseas stock exchange accelerates the high growth trajectory of born global firm by signalling its maturity. Research limitations/implications The author took a process perspective by examining the growth and maturity of born global firms by collaborative partnership; the author’s focus on the role of transnational entrepreneurs highlighted entrepreneurs’ sensitivity to institutional complexity along the growth trajectory. Practical implications The author recommends both incumbent and entrepreneurial firms in developed economies collaborate with transnational entrepreneurs in various business areas. Industry firms may be able to cooperate on product and marketing development, and professional service firms can offer services to expand born global firms further, because transnational entrepreneurs follow the global “rules of the game”. Originality/value The author shed important light on the role of transnational entrepreneurs throughout the growth of born global firms via collaborative entry mode. Furthermore, the author develops a multilevel framework for analysing the combined influence of transnational entrepreneur and institutional complexity on the growth of born global firm.

Born global family firms: a multiple case study

2021 ◽  
Vol 29 (3) ◽  
pp. 329
Author(s):  
Barbara Francioni ◽  
Fabio Musso ◽  
Giorgia Masili
Keyword(s):  
Family Firms ◽  
Multiple Case Study ◽  
Born Global ◽  
Multiple Case

scholarly journals Born‐Global SMEs, Performance, and Dynamic Absorptive Capacity: Evidence from Spanish Firms

2019 ◽  
Vol 57 (2) ◽  
pp. 298-326 ◽  
Author(s):  
M. Ángeles Rodríguez‐Serrano ◽  
Enrique Martín‐Armario
Keyword(s):  
Absorptive Capacity ◽  
Born Global

scholarly journals Rapid Internationalization of SMEs: Evidence from Born Global Firms in Chile

Innovar ◽  
2014 ◽  
Vol 24 (1Spe) ◽  
pp. 141-151 ◽  
Author(s):  
Christian A. Cancino
Keyword(s):  
Latin American ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Principal Characteristic ◽  
Born Global ◽  
Contact Networks ◽  
International Contact ◽  
Geographical Distances ◽  
Medium Enterprises ◽  
Born Global Firms

The literature on born global firms in developed countries has revealed some factors that influence the rapid internationalization of Small and Medium Enterprises (SMEs), such as the technological level of the sector in which the firm participates, psychological and geographical distances from the target markets, and the existence of contact networks. To date, little research has been carried out on this topic for Latin American countries. This paper explores how certain determinants influence Chilean born global firms. A logistic regression model is used to analyze 112 SMEs with regular export activities. The results show that Chilean born global firms are influenced by national and international contact networks that their founders are able to generate. The psychological distance between Chilean SMEs and developed countries in Asia, North America and Europe also influences the internationalization of Chilean SMEs. The principal characteristic of Chilean born global firms is their lack of participation in highly technological sectors, with these SMEs instead being involved in sectors that actively exploit natural resources. The results of this study permit certain public policy recommendations to be made that might boost the development of export SMEs.

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